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to last. siemens, answers. >> theu.s.economyinthefourthquarte of. the u.s. economy in the fourth quarter of last year october, november, december contracted by 0. 1%. one-tenth of 1%. it was the first contraction in three years and it rattles financial markets. much of the slippage in gross domestic product, was due to what the u.s. federal reserves describes as quote weather related disruptions and other transitory facts unquote. the central bank is keeping monetary policy on hold. and says n worth of long-term securities a month, until there is a substantial improvement in the outlook for the labor market. also, the cut back in department of defense outlays, is likely to fuel concerns about the size of a slow down and the full economic fallout of the large quote unquote sequester cuts scheduled for a month from now, the start of march. the president's press secretary said this about the sequester. quote, across-the-board cuts to education, to research and development, would have repeat, would have, damaging effects on our economy and our long-term economic prospects. unquote. a growing
. >> it is because television. >> hold it eleanor. >> the spectacle has lost a lot of the drama and dignity it used to have. he walks down that aisle and gets slaps and high fives. they should have had beyonce doing her number midway through it. >> every other president has walked down that aisle and i don't recall you complaining about it. >> it has lost dignity. >> ike and fdr didn't look like that. >> it is an american tradition and the fact the numbers were down is partly because people don't watch television like they used to. >> eleanor, how were obama's kneels son ratings -- neilsen ratings, the second lowest since they began taking measurement in 1993. the lowest since 2000 when bill you clinton's last drew an audience of 931.5 million. >> i think neilsen should start rating some of the social media sites and look at the exchanges between people who watched it. the american people who watched that and pick up portions that have, here our president is addressing concerns in their lives. i agree the big topics like the eu trade pac that is very important. but i don't think people in the count
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